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(Thermax) Thermax complete technical analysis [charts+indicators] | Buy/Sell Thermax | (Thermax) share price targets

Complete technical analysis of Thermax (Thermax) by charts plus indicators, forecast predictions and share price targets for Thermax (Thermax)

10 day averaged volume of Thermax is 6953

Date Daily Closing Price Open High Low Volume
03 Fri May 2024 4761.10 4681.25 4798.75 4649.90 0.527 times
02 Thu May 2024 4693.00 4686.25 4721.00 4600.00 2.037 times
30 Tue Apr 2024 4670.70 4495.00 4719.85 4495.00 1.195 times
29 Mon Apr 2024 4452.75 4448.65 4550.00 4395.30 0.761 times
26 Fri Apr 2024 4366.75 4341.00 4410.00 4311.50 0.621 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4703.8, but if it comes below 4703.8, then a intra day sell could be more profitable.
If you take a sell trade below 4703.8, then use 4703.8 as stoploss and 4570.46 as target. However if you take a buy trade in stock , then use 4703.8 as stoploss and 4863.7 as target.

Share price targets for Thermax (Thermax)

Target Type Value
Downside Target 2979.20
Downside Target 3050.00
Downside Target 3266.90
Downside Target 3411.00
Downside Target 3890.00
Downside Target 4214.40
Downside Target 4395.30
Downside Target 4504.50
Downside Target 4682.95
Upside Target 4798.75
Upside Target 4877.95
Upside Target 4979.95

Intraday share price targets for Thermax (Thermax)

Target Type Value
Downside Intraday Target 4504.68
Downside Intraday Target 4248.27
Upside Intraday Target 4908.13
Upside Intraday Target 5055.17
Downside Intraday Target 4651.72

Weekly technical analysis of Thermax (Thermax)

Date Weekly Closing Price Open High Low Volume
03 Fri May 2024 4761.10 4448.65 4798.75 4395.30 0.976 times
26 Fri Apr 2024 4366.75 4852.95 4979.95 4259.50 1.09 times
19 Fri Apr 2024 4814.60 4515.05 4877.95 4511.00 2.7 times
12 Fri Apr 2024 4548.25 4526.05 4682.95 4504.50 0.472 times
05 Fri Apr 2024 4513.75 4214.40 4643.35 4214.40 1.046 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Thermax (Thermax)

Date Monthly Closing Price Open High Low Volume
03 Fri May 2024 4761.10 4686.25 4798.75 4600.00 0.163 times
30 Tue Apr 2024 4670.70 4214.40 4979.95 4214.40 1.26 times
28 Thu Mar 2024 4195.50 3563.10 4288.00 3411.00 0.732 times
29 Thu Feb 2024 3635.80 3200.05 3890.00 3050.00 0.468 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Thermax (Thermax)

Indicator Name Indicator Value Indicator Signal
ADX 30, 15, 33 Buy
MACD 343, 359Sell
Stochastics 62None
CCI 78Buy
RSI 50Buy
OBV 51009Sell
VWAP 4589Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Thermax ( (Thermax) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Thermax ( (Thermax) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Thermax ( (Thermax) ) based on a short to mid term time period is

Price action analysis of Thermax ( (Thermax) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Thermax stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Thermax in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Thermax Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Thermax in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Thermax is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4588.66 and Thermax (Thermax) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Thermax (Thermax) stock. Volume based technical analysis of Thermax (Thermax) stock is negative.

Thermax Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Click here for further forecast and predictions for tomorrow

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